While we will not be weighing in with fundamental analysis we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names.
This tax preparer got pounded last week on some massive volume. Since then, the stock has not been able to rally at all, telling us the big institutions are not involved here.
The Relative Strength Index (RSI) has a steep slope downward, money flow is poor and the cloud is red. This stock has more down to go, probably into the teens.
This is a good short here.
JetBlue is hurting, a good airline but just not getting the attention from the investing public. Money flow is weak, with the downtrend channel in place.
This stock may rally up to the $17 area, but that would be a good spot to get short. Moving average convergence divergence (MACD) is on a sell signal and the cloud is red.
RSI is steep and sloping downward; this is another good short.
This commentary is an excerpt from "5 Bearish Bets" a weekly feature sent to subscribers of Trifecta Stocks. Click here to learn more about this portfolio, trading ideas and market commentary product.
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-- Bob Lang and Chris Versace are co-portfolio managers of Trifecta Stocks.